Skip to content
RandD Tax
  • R&D Tax Claims
    • Claims Process
    • What Qualifies
    • Benefits
    • Industries
  • For Accountants
  • Enquiry Service
  • Knowledge Base
    • Resources
    • Blog
    • Case Studies
    • Video Blogs
    • FAQ
    • Webinar
  • Our Company
    • Our Team
    • Ethical Code
    • Partners
    • Giving Back
  • Contact
  • 01483 808301
  • FREE ASSESSMENT
Menu
  • R&D Tax Claims
    • Claims Process
    • What Qualifies
    • Benefits
    • Industries
  • For Accountants
  • Enquiry Service
  • Knowledge Base
    • Resources
    • Blog
    • Case Studies
    • Video Blogs
    • FAQ
    • Webinar
  • Our Company
    • Our Team
    • Ethical Code
    • Partners
    • Giving Back
  • Contact
  • 01483 808301
  • FREE ASSESSMENT
search...
Search
Close

R&D Answers: Will The Coalition Government Scrap R&D Tax Credits?

  • March 4, 2012
  • 5:01 pm
  • R&D Questions and Answers

Are Research and Development Tax Credits Under Threat From The New Coalition Government?

The Conservatives originally announced that they would scrap Research and Development Tax Credits. However, a few weeks before the election, and following their Dyson Review on Innovation, they announced that they will not scrap the scheme.

In fact in a startling move since coming to power the coalition government announced an increase in the R&D Tax Credit rate to 200% in April 2011 and pre announced that it will go up again in April 2012 to 225%. Great news for innovative small and medium enterprises.

In the year to April 2012 ( latest HMRC figures ) 9920 SMEs claimed R&D Tax Credits. This rose from about 8280 in the previous year.

In that year HMRC paid out about £1.2b in cash credits and CT relief, of which c35% was paid to SMEs, with the rest going to large companies. Since introduced for SMEs in April 2001 (April 2002 for Large Companies), more than £8billion has been paid or given in relief.

The average claim value is about £43k with the average for technology companies being about £10k higher.

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Leave a Comment Cancel Reply

Your email address will not be published. Required fields are marked *

Arrange a FREE ASSESSMENT

FREE ASSESSMENT

Stay in Touch

Sign up for all your R&D Tax news and events

Website

  • Homepage
  • Our Company
  • Giving Back
  • Blog
  • R&D Tax Claims
  • Claims Process
  • What Qualifies
  • Benefits
  • For Accountants
  • Resources
  • Webinar
  • Resources

Customer Service

  • Website use, Cookie, & Privacy Policy
  • RandDTax Portal

Get in Touch

  • Call us: 01483 808301
  • info@randdtax.co.uk
  • All Contact Details
Facebook-f
Twitter
Linkedin

Copyright © 2019 R&D Tax

Designed, developed and hosted by mtc